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The draft law for Islamic insurance or takaful firms and amendments in Capital Market Law for accommodating Sharia compliant debt instrument or sukuk have been finalised. This will be enacted after it completes the routine regulatory approvals from

At least three Omani companies, including Tilal Development Company (TDC), are planning to float Islamic debt instruments or sukuks next year. "We have given initial approvals for Tilal Development Company and an institution to float sukuks," said

Yahya bin Said Al Jabri, Chairman of A'Duqm Special Economic Zone and Chairman of the Capital Market Authority will sponsor the discussion panel to be organised by the CMA represented by Capital Market Magazine at OCCI under the theme 'Capital Mark

The MSM30 index started the week on a negative note to close at 5635.95 points, down by 0.20 per cent. Bank Nizwa remains the most active in terms of volume, while Bank Dhofar in terms of turnover. Gulf Mushroom was the top gainer for the day and c

The volume of trading on Muscat Securities Market recorded a 52-week high with four banks alone contributing more than 90 per cent. Bank Sohar led the march with 65 per cent of the volume. The bank witnessed 64.75 million of its shares changing hands i

Muscat Securities Market (SMS) decided to list alizz islamic bank's shares for trading at the parallel market today. The decision, made by Ahmed bin Saleh Al Marhoon, Director General of Muscat Securities Market (MSM). He said the share would be f

The MSM30 index ended with gains for the first time in 13 sessions and closed at 5556.45 points, up by 0.41 per cent. An OTC deal in Al Omaniya Financial Services shares resulted in the scrip ending as the most active in terms of volume as well as

The Capital Market Authority (CMA) has urged all joint stock companies and investment funds to activate the Oman Social Responsibility Initiative, which was launched by CMA on November 2, 2009. The CMA issued a circular calling companies to create

THE MSM 30 index closed 1.43 per cent lower for the week ended November 22, at 5,555. All the three sector indices closed in the red led by the financial sector. Al Jazeera Steel Products disclosed that the United States International Trade Co

The Muscat Securities Market (MSM) will remain closed on November 28 and 29 due to National Day holidays. Trading on the bourse will resume on December 2, according to a statement posted on MSM website.